Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Balsa Core Market by Type (Monolayer, Multilayer), By Application (Wind Energy, Aerospace, Marine, Transportation, Construction, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Balsa Core Market by Type (Monolayer, Multilayer), By Application (Wind Energy, Aerospace, Marine, Transportation, Construction, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 441302 4200 Chemical & Material 377 225 Pages 4.6 (47)
                                          

Market Overview:


The global Balsa Core market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and eco-friendly materials across different industries. The monolayer segment is expected to hold the largest share of the global Balsa Core market by type during the forecast period, owing to its high strength-to-weight ratio and low manufacturing cost as compared to other types of core materials. By application, wind energy is projected to be one of the fastest growing segments in terms of revenue during 2018–2030, owing to stringent government regulations mandating use of renewable sources for power generation.


Global Balsa Core Industry Outlook


Product Definition:


Balsa core is a material used in the construction of light weight, high performance structures. It has a very low density and high strength to weight ratio. This combination makes it an ideal material for use in cores for sandwich panels.


Monolayer:


Monolayer is a single layer of laminates or films, which are used in various applications including furniture, transportation and packaging. Monolayer products have high strength to weight ratio and excellent mechanical properties making it suitable for use in end-use industries. Increasing demand from the above mentioned end-use industries coupled with low cost of monolayer as compared to multilayer laminates is expected to drive the market over the forecast period.


Multilayer:


Multilayer is a construction where more than two layers of laminates are used to sandwich the wood. It increases the strength and rigidity of the instrument. The multilayer core market is expected to grow at a significant rate owing to its increasing usage in making musical instruments such as guitars, banjos, mandolins, ukuleles and others.


Application Insights:


The global market is segmented by application into wind energy, aerospace, marine, transportation and construction. In 2016, the wind energy segment dominated the industry with a revenue share of over 40%. The growth of this application can be attributed to increasing government support for renewable sources of energy.


Balsa core is widely used in the manufacture of lightweight materials for use in aircraft and automobiles. These cores are also used in sporting goods such as golf clubs and tennis rackets which need to be lightweight but still strong enough to perform their intended functions under normal conditions. Balsa wood has excellent properties making it suitable for use in golf club heads as well as racket handles thus driving its demand from various end-use industries including sports equipment manufacturing globally over the forecast period.


Regional Analysis:


Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of more than 60% in 2017 owing to high product demand from wind energy, aerospace, marine and other applications. China is projected to remain a key manufacturing hub for balsa core due to low labor costs as well as availability of cheap raw materials such as bamboo.


The European market consists mainly of Germany, Italy and U.K., wherein automotive manufacturers are shifting their production bases toward Eastern Europe or Asia Pacific owing to stringent regulations on vehicle emissions in these regions. In addition, increasing R&D activities by various organizations based out of Europe are likely boost industry growth over the coming years. For instance, EASA (European Aviation Safety Agency), has approved Type Certificate renewal request filed by Tianjin Airlines Co., Ltd., which includes modifications made necessary by airframe corrosion issues (BAC 1-11).


Growth Factors:


  • Increasing demand for lightweight and strong materials in the aerospace and automotive industries
  • Growing popularity of balsa wood in model aircrafts and other hobbyist applications
  • Rising use of balsa core as a substitute for traditional plywood in boat-building applications
  • Increasing demand from the construction industry for lightweight, high-strength building materials
  • Growing awareness about the environmental benefits of using balsa wood over other lumber alternatives

Scope Of The Report

Report Attributes

Report Details

Report Title

Balsa Core Market Research Report

By Type

Monolayer, Multilayer

By Application

Wind Energy, Aerospace, Marine, Transportation, Construction, Others

By Companies

A, Airex, Carbon-Core, CoreLite, Diab, Gurit, I-Core Composites

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

225

Number of Tables & Figures

158

Customization Available

Yes, the report can be customized as per your need.


Global Balsa Core Market Report Segments:

The global Balsa Core market is segmented on the basis of:

Types

Monolayer, Multilayer

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Wind Energy, Aerospace, Marine, Transportation, Construction, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. A
  2. Airex
  3. Carbon-Core
  4. CoreLite
  5. Diab
  6. Gurit
  7. I-Core Composites

Global Balsa Core Market Overview


Highlights of The Balsa Core Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Monolayer
    2. Multilayer
  1. By Application:

    1. Wind Energy
    2. Aerospace
    3. Marine
    4. Transportation
    5. Construction
    6. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Balsa Core Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Balsa Core Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Balsa Core is a lightweight, cross-platform development framework for building mobile apps. It provides an easy way to create and manage your app's user interface, as well as its core functionality. Balsa Core also includes features to help you build robust and reliable apps.

Some of the major companies in the balsa core market are A, Airex, Carbon-Core, CoreLite, Diab, Gurit, I-Core Composites.

The balsa core market is expected to register a CAGR of 5.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Balsa Core Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Balsa Core Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Balsa Core Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Balsa Core Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Balsa Core Market Size & Forecast, 2020-2028       4.5.1 Balsa Core Market Size and Y-o-Y Growth       4.5.2 Balsa Core Market Absolute $ Opportunity

Chapter 5 Global  Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2  Market Size Forecast by Type
      5.2.1 Monolayer
      5.2.2 Multilayer
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global  Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2  Market Size Forecast by Applications
      6.2.1 Wind Energy
      6.2.2 Aerospace
      6.2.3 Marine
      6.2.4 Transportation
      6.2.5 Construction
      6.2.6 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Balsa Core Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Balsa Core Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America  Analysis and Forecast
   9.1 Introduction
   9.2 North America  Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America  Market Size Forecast by Type
      9.6.1 Monolayer
      9.6.2 Multilayer
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America  Market Size Forecast by Applications
      9.10.1 Wind Energy
      9.10.2 Aerospace
      9.10.3 Marine
      9.10.4 Transportation
      9.10.5 Construction
      9.10.6 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe  Analysis and Forecast
   10.1 Introduction
   10.2 Europe  Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe  Market Size Forecast by Type
      10.6.1 Monolayer
      10.6.2 Multilayer
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe  Market Size Forecast by Applications
      10.10.1 Wind Energy
      10.10.2 Aerospace
      10.10.3 Marine
      10.10.4 Transportation
      10.10.5 Construction
      10.10.6 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific  Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific  Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific  Market Size Forecast by Type
      11.6.1 Monolayer
      11.6.2 Multilayer
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific  Market Size Forecast by Applications
      11.10.1 Wind Energy
      11.10.2 Aerospace
      11.10.3 Marine
      11.10.4 Transportation
      11.10.5 Construction
      11.10.6 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America  Analysis and Forecast
   12.1 Introduction
   12.2 Latin America  Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America  Market Size Forecast by Type
      12.6.1 Monolayer
      12.6.2 Multilayer
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America  Market Size Forecast by Applications
      12.10.1 Wind Energy
      12.10.2 Aerospace
      12.10.3 Marine
      12.10.4 Transportation
      12.10.5 Construction
      12.10.6 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA)  Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA)  Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA)  Market Size Forecast by Type
      13.6.1 Monolayer
      13.6.2 Multilayer
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA)  Market Size Forecast by Applications
      13.10.1 Wind Energy
      13.10.2 Aerospace
      13.10.3 Marine
      13.10.4 Transportation
      13.10.5 Construction
      13.10.6 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Balsa Core Market: Competitive Dashboard
   14.2 Global Balsa Core Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 A
      14.3.2 Airex
      14.3.3 Carbon-Core
      14.3.4 CoreLite
      14.3.5 Diab
      14.3.6 Gurit
      14.3.7 I-Core Composites

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